When Will My Direct Deposit Hit My Account?
Will I Get My NetSpend Direct Deposit on The Weekend?
No. Reloadable prepaid cards like bank cards and other financial services follow certain guidelines. One of those guidelines is that, financial transactions do not take place on the weekends (Saturday & Sunday). Also keep in my that the typical transfer of funds including ACH and direct deposit takes anywhere between 3 - 5 business days. So if you have a NetSpend card or a Green Dot card etc, and you are expecting an SSI direct deposit or paycheck direct deposit and it was initiated *1-2 days before the weekend, you can expect the post date of that payment to be on the following Monday or Tuesday.Federal Holidays and special crisis situations may also cause delay with your direct deposit payment.
*Most reloadable cards are able to provide fast 2 day payments because prepaid companies post funds when they receive the receipt instead of waiting until the funds have settled. Please read the official statement below:
Faster funding claim is based on a comparison of our policy of making funds available upon receipt of payment instruction versus the typical banking practice of posting funds at settlement. Fraud prevention restrictions may delay availability of funds with or without notice. Early availability of funds requires payor’s support of direct deposit and is subject to the timing of payor’s payment instruction.